Cornerstone league hosts Sicredi execs

September 5, 2014

SAN ANTONIO (9/8/14)--Nine credit unions in San Antonio are going international this month, as each will be hosting credit union executives from Brazil as "interns" to learn about the U.S. credit union system.

The Cornerstone Credit Union League hosted an orientation last week in San Antonio for 12 credit union executives from Sicredi, a financial cooperative group based out of Brazil, and the nine San Antonio credit unions who will be hosting the "interns" this month. (Cornerstone Credit Union League Photo)

The Cornerstone Credit Union League, which represents credit unions in Texas, Oklahoma and Arkansas, recently hosted an orientation in San Antonio for the 12 executives, who hail from Brazilian financial cooperative group Sicredi (Leaguer Sept. 4).

After attending the orientation and Cornerstone's leadership conference and expo, over the next few weeks the executives-turned-interns will shadow staff at the host credit unions to gain a broader knowledge of how credit unions operate in this country.

"The partnership between Cornerstone and Sicredi is a great example of the collaboration within our industry," Victor Corro, World Council of Credit Unions vice president, told Leaguer. "It truly knows no national borders."

Sicredi has sent representatives to the Cornerstone region on several occasions since beginning its partnership with the league four years ago, including a trip in October 2013 in which interns worked at credit unions in Arkansas, Oklahoma and Texas.

Earlier this year, seven credit union executives from the Cornerstone region participated in two-week internships in Brazil as well.

The San Antonio-based credit unions hosting interns for this round include:

  • Alamo FCU, with $43 million in assets;
  • Generations FCU, with $519 million in assets;
  • River City FCU, with $130 million in assets;
  • ecurity Service FCU, with $8 billion in assets;
  • t. Joseph's CU, with $44 million in assets;
  • Texas Workforce CU, with $9 million in assets; and
  • United San Antonio Community FCU, with $224 million in assets.